Osisko Development Corp Stock Price, News & Analysis

Osisko Development (NYSE: ODV, TSXV: ODV) announced plans to complete the third deferred payment of US$2.5 million related to its 2022 Tintic Project acquisition in Utah. The payment will be made entirely in common shares, with 1,368,610 shares to be issued at C$2.5082 per share, subject to TSX Venture Exchange approval. Additionally, the company has engaged Resource Stock Digest (RSD) for a 6-month marketing and promotional services agreement worth US$250,000, starting June 1, 2025. RSD will conduct interviews and produce company-approved content for distribution to its North American subscriber base. The agreement with RSD is arm's length and subject to Exchange approval.

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has announced its annual compensation grants, including 1,273,900 stock options to senior officers and employees, 1,177,200 restricted share units (RSUs), and 229,573 deferred share units (DSUs) to independent directors. The stock options are exercisable at C$2.57 per share and will expire on May 13, 2030, with vesting occurring in three equal parts from 2026 to 2028. RSUs will cliff vest in 2028, while DSUs will vest according to the Omnibus Plan terms.

The company's Omnibus Plan, approved by shareholders on May 7, 2025, is a fixed 20% plan with a maximum of 27,324,297 common shares reserved for issuance through various equity incentive instruments.

Osisko Development (NYSE: ODV, TSXV: ODV) held its annual and special shareholders' meeting on May 7, 2025, with a 58.9% participation rate representing 80,489,188 common shares. All six nominated directors were successfully elected with strong approval rates above 97%. PricewaterhouseCoopers LLP was reappointed as the company's auditor with 82.27% support. The shareholders also approved a new omnibus equity incentive plan with 86.51% of votes in favor, replacing the existing stock option and restricted share unit plans.

Osisko Development (NYSE: ODV) reported its Q1 2025 financial results, highlighting the release of an optimized feasibility study for its flagship Cariboo Gold Project. The study shows strong economics with an after-tax NPV5% of $943 million and IRR of 22.1% at US$2,400/oz gold. The project is expected to produce an average of 190,000 ounces of gold annually over a 10-year mine life, with higher production of 202,000 ounces in the first five years. Initial capital costs are estimated at $881 million. The company held $77.6 million in cash as of March 31, 2025, with $35.7 million outstanding under a term loan. Project financing discussions are ongoing, with construction potentially starting in H2 2025 and completion targeted for end-2027. The company also made key management appointments and progressed with bulk sampling at Cariboo, while maintaining its Tintic and San Antonio projects.

Osisko Development (NYSE: ODV) has announced positive results from its optimized 2025 Feasibility Study for the permitted Cariboo Gold Project in British Columbia. The study reveals robust economics with a base case after-tax NPV5% of $943 million and IRR of 22.1% at US$2,400/oz gold price.

Key highlights include:

• Average annual production of ~190,000 ounces of gold over 10 years, with 202,000 ounces in first 5 years
• First gold production anticipated in H2 2027
• Total initial capital cost of $881 million
• Average total cash costs of US$947/oz and AISC of US$1,157/oz
• Average base case LOM annual free cash flow of $158 million

The project features improved single-phase build over 24 months, streamlined processing facilities, and enhanced flowsheet design. It will create up to 613 direct jobs during construction and 525 permanent positions during operations.

Osisko Development (NYSE: ODV, TSXV: ODV) has announced the listing of its common share purchase warrants on the TSX Venture Exchange under the symbol 'ODV.WT.V', effective April 17, 2025. 51,109,776 warrants will be listed, which were issued through private placements between October and November 2024.

The warrants were issued in three tranches: two non-brokered private placements (October 1 and 11, 2024) and one brokered private placement (November 12, 2024). Each warrant allows holders to purchase one common share at US$3.00 per share until October 1, 2029. The warrants will trade in U.S. dollars on the TSXV.

The company also plans to list these warrants on the New York Stock Exchange (NYSE), subject to meeting regulatory requirements.

Osisko Development (NYSE: ODV) has reported its Q4 and year-end 2024 financial results, highlighting several key developments. The company maintained a strong cash position of $106.7 million as of December 31, 2024, with an outstanding loan of $36.0 million due October 2025.

The company successfully completed two private placements in 2024: a non-brokered placement raising US$34.5 million and a brokered placement generating US$57.5 million. A significant milestone was achieved with the Cariboo Gold Project receiving full permits under both the Mines Act and Environmental Management Act of British Columbia, achieving shovel-ready status.

The company is advancing pre-construction activities, including an underground bulk sampling program with approximately 7,400 tonnes extracted to date. An optimized feasibility study is in advanced stages, aiming to enhance mine development and process flowsheet to reach 4,900 tonnes per day throughput earlier than planned.

Osisko Development Corp. (NYSE: ODV) (TSX: ODV) is advancing the Cariboo Gold project, one of Canada's newly permitted underground gold mines in British Columbia. The project represents a significant development in a tier 1 jurisdiction, featuring a large gold resource.

The company's strategy focuses on implementing high-efficiency bulk tonnage production methods while promoting responsible mining practices that aim to benefit all stakeholders. This initiative is part of Osisko's broader mission of revitalizing historic mining camps across North America.

Osisko Development Corp (NYSE: ODV) (TSXV: ODV) has announced its participation in the upcoming Prospectors & Developers Association of Canada's (PDAC) Convention. The company will be exhibiting at Booth #2821 at the Metro Toronto Convention Centre from March 2-5, 2025.